London, UK -- (SBWIRE) -- 06/30/2022 -- UK asset management growth has faced a number of challenges in recent times, from weaker markets through to acute competition on fees. Perhaps one of the harshest moments for UK asset and wealth managers was savers and investors pulling back £2.5 billion from UK-domiciled retail funds earlier in 2022. That came after high outflows had already marked the first month of the year. While there has obviously been a negative impact from this there are also positives - and M&A and consolidation in the industry is potentially one of them, as this looks set to drive up asset and wealth manager growth this year. There are a number of mergers and acquisitions that are notable, including Abrdn's acquisition of content platform Finimize and RBC's bid for Brewin Dolphin. Given changes in share prices thanks to the aforementioned conditions there could be a lot more M&A activity yet to come this year where asset and wealth management is concerned.
Established in 2004, Selby Jennings are asset management recruiters able to support firms at any stage in the process of M&A, as well as before or after it. The team has extensive expertise as a leading specialist recruiter to the banking and financial services sector and is renowned for an insightful and knowledgeable approach. This includes expertise as asset management recruiters but also many other connected areas of banking recruitment, including corporate and investment banking, risk management, quantitative research and trading and financial technology. The team has a broad spectrum of resources to call upon, including a database of more than a million mid-to-senior professionals and a network of connections with hiring managers on a global basis. Thanks to a combination of permanent, contract and multi-hire solutions options can be created for every hiring need. As a result, Selby Jennings have become go-to asset management recruiters for firms across the sector and talented people focused on the next big change.
The firm operate as asset management recruiters in locations all over the UK, including most major cities such as London, Manchester and Birmingham. Coverage is broad and deep - but not limited by geographic boundaries. That's because the team in the UK is also integrated into a worldwide workforce of 1,000+, allowing for genuinely cross-border hiring. This is vital in a time when talent shortages are really beginning to bite. Equality key is the fact that Selby Jennings is also the recruitment partner of choice to hundreds of world-leading companies as part of the Phaidon International group, which operates across 6 countries, making it a first choice for ambitious candidates. Talent drives growth, something that Selby Jennings has embedded into its own internal strategy. Consultants are trained on an ongoing basis and work with best-in-class recruitment technology and strategies at all times. There are many different roles available via the firm today, including Senior Java Engineer, Market Risk Manager and Blockchain Developer.
The team at Selby Jennings said, "Little did we know that the pandemic would spark a new chapter for financial services. From ever-evolving regulations, mercurial consumer expectations, digital transformation, to the heightened competition from incumbents and new entrants, financial services verticals evolved at lightning speed – all while in a stage of poised recovery with the need to future-proof operations from additional disruption.
Alongside challenges brought on by the pandemic, financial services in 2021 were gripped by the wider political and socio-economic context that was Brexit, as banks and financial institutions packed their bags to move some, or all, of their operations to cities across Europe. However, Financial Services were one of the few bright spots of the past year, providing fuel to the economy and scaling up in a time where many sectors wouldn't take the risk. 2022 is already shaping up to be a record-breaking year in terms of talent movement, and we can't wait to help clients secure that world-class talent."
To find out more about asset management recruiters in the UK visit https://www.selbyjennings.co.uk/
For any media enquiries please contact Gary Elliot at Iconic Digital - 020 7100 0726
For all other enquiries please contact Selby Jennings: +44 (0) 20 3758 8800
For more information about Selby Jennings please go to https://www.selbyjennings.co.uk/
About Selby Jennings
Selby Jennings knows that building the right team isn't easy. However, with the support of the right hiring partner, access to key networks and contacts, it's possible to reimagine the process of recruitment to make it more positive, satisfying and productive.
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